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4 star

Tata Money Market Fund - Direct Plan


Debt: Money Market

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

Money Market debt funds invest in bonds with a maturity of up to one year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital.

Such funds are usually more suited to institutional investors. Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to a year in a Liquid fund.

If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is to build wealth in the long run.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 3.33 0.02 0.06 0.27 0.98 2.08 4.17 4.54 5.20 6.06 --
CCIL T Bill Liquidity Weight* 1.62 -0.02 0.03 0.12 0.52 1.08 2.06 3.33 3.62 4.06 --
Debt: Money Market* 3.02 0.03 0.07 0.26 0.95 1.93 3.79 6.20 6.56 7.14 --
Rank within category* 1 15 13 11 2 1 1 14 12 12 --
Number of funds in category* 18 20 20 20 18 18 17 14 12 12 0

As on 18-Oct-2021

* As on 19-Oct-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Tata Money Market Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.17 4.54 5.20 0.25% 6,945
Aditya Birla Sun Life Money Manager Fund - Direct Plan  | Invest Online
5 star
Jan-13 4.02 6.64 6.87 0.21% 14,464
HDFC Money Market Fund - Direct Plan  | Invest Online
5 star
Jan-13 3.94 6.62 6.75 0.21% 14,252
ICICI Prudential Money Market Fund - Direct Plan  | Invest Now
4 star
Jan-13 3.83 6.38 6.66 0.21% 13,155
Axis Money Market Fund - Direct Plan
4 star
Aug-19 3.97 -- -- 0.21% 3,372

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.69 24-Mar-2020 - 31-Mar-2020 -5.89 25-Oct-2018 - 01-Nov-2018
Month 2.41 24-Mar-2020 - 23-Apr-2020 -5.42 05-Oct-2018 - 06-Nov-2018
Quarter 3.97 24-Mar-2020 - 24-Jun-2020 -5.84 07-Aug-2018 - 06-Nov-2018
Year 9.76 24-Jul-2013 - 24-Jul-2014 -0.62 01-Nov-2017 - 01-Nov-2018

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.60 3.46 0.19 0.11 0.01 0.66
CCIL T Bill Liquidity Weight 3.34 0.40 -1.54 -3.94 -- --
Debt: Money Market 6.33 1.10 2.73 6.86 1.50 3.29
Rank within category 15 15 15 15 1 15
Number of funds in category 15 15 15 15 15 15

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Sep-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 82 90 25 43
Modified Duration (yrs) 0.40 0.79 0.25 0.30
Average Maturity (yrs) 0.40 0.80 0.25 0.31
Yield to Maturity (%) 3.87 4.33 3.47 3.75
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
down 8.20% GOI 15/02/2022 Central Government Loan SOV 0.00 - 15.63 10.55
up HDFC Bank 21/03/2022 Certificate of Deposit A1+ 0.00 - 6.72 6.72
new Axis Bank 2022 Certificate of Deposit A1+ 0.00 - 3.91 3.91
new RBL Bank 28/02/2022 Certificate of Deposit A1+ 0.00 - 3.90 3.90
down 5.09% GOI 13/04/2022 GOI Securities SOV 0.00 - 5.03 3.84
new NLC India 91-D 06/12/2021 Commercial Paper A1+ 0.00 - 2.86 2.86
up Axis Bank 28/01/2022 Certificate of Deposit A1+ 0.00 - 3.93 2.85
up Axis Bank 2022 Certificate of Deposit A1+ 0.00 - 4.43 2.84
equal Ultratech Cement 316-D 16/03/2022 Commercial Paper A1+ 0.00 - 4.87 2.83
equal IDFC First Bank 15/03/2022 Certificate of Deposit A1+ 0.00 - 5.21 2.83
new 8.13% GOI 21/09/2022 Central Government Loan SOV 0.00 - 2.62 2.62
equal Export-Import Bank 169-D 29/12/2021 Certificate of Deposit A1+ 0.00 - 2.46 2.14
equal LIC Housing Fin. 181-D 24/01/2022 Commercial Paper A1+ 0.00 - 2.45 2.13
equal LIC Housing Fin. 353-D 07/07/2022 Commercial Paper A1+ 0.00 - 2.09 2.09
equal Indusind Bank 25/01/2022 Certificate of Deposit A1+ 0.00 - 3.75 1.78
equal Barclays Investments & Loans 150-D 28/01/2022 Commercial Paper A1+ 0.00 - 1.78 1.78
equal Network 18 Media & Inv 364-D 25/02/2022 Commercial Paper A1+ 0.00 - 3.15 1.77
down SIDBI 25/03/2022 Commercial Paper A1+ 0.00 - 8.50 1.77
new 8.15% GOI 2022 Central Government Loan SOV 0.00 - 6.04 1.48
equal Reliance Industries 146-D 20/12/2021 Commercial Paper A1+ 0.00 - 1.64 1.43
equal L&T Finance 238-D 28/01/2022 Commercial Paper A1+ 0.00 - 2.53 1.42
up Can Fin Homes 365-D 08/02/2022 Commercial Paper A1+ 0.00 - 2.84 1.42
up HDFC-Warrant 342-D 28/02/2022 Commercial Paper A1+ 0.00 - 2.84 1.42
new Export-Import Bank 196-D 24/03/2022 Certificate of Deposit A1+ 0.00 - 1.41 1.41
equal ICICI Bank 28/03/2022 Certificate of Deposit A1+ 0.00 - 2.99 1.41

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 30-Sep-2021

Fund Manager

— Amit Somani since 16-Oct-2013

Education: Mr.Somani is a B.Com, PGDBM and CFA.

Experience: Prior to joining Tata Asset Management Ltd in 2010 he has worked with Fidelity Investments Netscribes Pvt. ltd, SPA Capital and Khandwala Securities.

Funds Managed:


0.02%

Change from previous, NAV as on 18-Oct-2021

Growth: ₹ 3,753.0943

IDCW Daily: ₹ 1,114.5200


Investment Strategy

The scheme seeks to generate returns with reasonable liquidity to the unit holders by investing in money market instruments.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Tata Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 6.70%
Benchmark: CRISIL Money Market Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 6,945 Cr (As on 30-Sep-2021)
Expense: 0.25% (As on 31-Aug-2021)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily18-Oct-20210.2749

 14-Oct-20210.0894
 13-Oct-20210.2116
 12-Oct-20210.1458
 11-Oct-20210.4133
 08-Oct-20210.2876
 07-Oct-20210.1102
 06-Oct-20210.0090
 05-Oct-20210.0759
 04-Oct-20210.3547
 01-Oct-20210.1236
 30-Sep-20210.1031
 28-Sep-20210.0011
 27-Sep-20210.1969
 23-Sep-20210.0874
 22-Sep-20210.0171
 21-Sep-20210.1344
 20-Sep-20210.3122
 17-Sep-20210.1207
 16-Sep-20210.1159
 15-Sep-20210.0818
 14-Sep-20210.0484
 13-Sep-20210.4302
 09-Sep-20210.0747
 08-Sep-20210.1129
IDCW Monthly27-Oct-20173.7944

 27-Sep-20173.6713
 29-Aug-20174.2135
 27-Jul-20173.8230
 28-Jun-20173.8741
 29-May-20174.2450
 26-Apr-20173.5402
 30-Mar-20174.6491
 23-Feb-20173.5374
 27-Jan-20173.9238
 28-Dec-20163.6975
 28-Nov-20164.3987
 26-Oct-20163.7650
 28-Sep-20164.0454
 29-Aug-20164.5844
 27-Jul-20164.2550
 28-Jun-20164.7919
 27-May-20164.6437
 27-Apr-20164.9608
 30-Mar-20165.4525
 25-Feb-20164.3297
 27-Jan-20164.2648
 29-Dec-20154.8629
 26-Nov-20154.2937
 28-Oct-20154.7126
IDCW Weekly24-Oct-20170.8542

 17-Oct-20170.8898
 10-Oct-20170.8752
 03-Oct-20170.9251
 26-Sep-20170.8974
 19-Sep-20170.8958
 12-Sep-20170.8726
 05-Sep-20170.8700
 29-Aug-20170.8830
 22-Aug-20170.8877
 15-Aug-20170.8931
 08-Aug-20170.9142
 01-Aug-20170.8877
 25-Jul-20170.9038
 18-Jul-20170.9174
 11-Jul-20170.9339
 04-Jul-20170.9405
 27-Jun-20170.9129
 20-Jun-20170.9025
 13-Jun-20170.8930
 06-Jun-20170.8970
 30-May-20170.9024
 23-May-20170.9087
 16-May-20170.9270
 09-May-20170.8709

Contact Information

AMC: Tata Asset Management Private Ltd

Address: 9th Floor, Mafatlal Centre, Nariman Point, Mumbai - 400021

Phone: 1800-209-0101

Email: [email protected]

Website: http://www.tatamutualfund.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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